AM Investment Strategies LLC cut its position in Quanta Services, Inc. in the second quarter, according to a report by HoldingsChannel.com. (NYSE: PWR ) by 16.0%. The fund sold 605 shares, leaving 3,181 shares valued at $625,000 at the end of the reporting period.
Other institutional investors and hedge funds have also adjusted their stakes in Quanta Services, including Greenwich Wealth Management LLC, which increased its holdings by 0.6% in the first quarter, and TCI Wealth Advisors Inc., which increased its holdings by 33.1% during the first quarter. period.
The construction company Quanta Services recently reported quarterly earnings of $1.47 per share, topping analysts’ consensus estimates of $0.06. The company had revenue of $5.05 billion for the quarter, topping analysts’ estimates of $4.69 billion. The company’s return on equity is 15.48% and net profit is 3.16%. Quanta Services’ EPS for the fiscal year is expected to be 6.46.
The company also announced a quarterly dividend with a payout ratio of 8.16%. Dividends are scheduled to be paid on October 13 to investors registered on October 2.
Several analysts have provided recommendations on Quanta Services, with stock ratings agency MarketBeat giving the company an average rating of “Moderate Buy” and an average target price of $205.27.
Insider activity in Quanta Services includes the recent sale of 5,000 shares by EVP Donald Wayne, valued at $1,054,600.
Quanta Services specializes in providing infrastructure solutions to the electric and gas utility, renewable energy, communications, pipeline and energy industries worldwide. The company’s Power Infrastructure Solutions segment focuses on the design, construction, maintenance and repair of power transmission and distribution infrastructure.
Source: HoldingsChannel.com
after navigation
2023-10-08 17:43:14
#Quanta #Services #Institutional #investors #junior #position #construction #company
